Yeah actually i could see how even that could be exploited. If i had 1k counts i could have a friend or an alternate char kill me, receive the bounty, and then give it back. which means id essentially be paying only half the intended penalty AND resetting my counts.
I mean there are easy work arounds to this with a little critical thinking.
It would be nice if there was some sort of mechanic in place to discourage pking noobs.
Maybe if a players skills or stat totals are less than "x", then the PKer receives 3 counts instead of 1.